2010 Oakland County Michigan Short Sale, Bank Owned and Traditional Sale Market Share by Mike Sher, (248) 644-4700x242, Max Broock

 

So, what is the break down of the Oakland County Michigan housing market anyways? We have all read the articles, watched our CNBC and local media outlets. We have heard speeches from Bush and Obama, Granholm and John/Jayne Q Taxpayer; now here are the numbers. As…

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Glendale Short Sales | Burbank Short Sales | Granada Hills Short Sales | North Hollywood Short Sales | Van Nuys Short Sales | North Hills Short Sales

 

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 In my ten years in general residential brokerage in the Lake Norman area of North Carolina I've seen a major change in the way I need to plan my business. In our region, which includes the Charlotte area, we did not experience the "bubble" to the extent that of other areas of the country did except for the Lake Norman waaterfront community which had a 29% price increase in 2007.  Generating business in multi million production numbers was accomplished if one stayed focused & directed…

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Short Sales in Walla Walla, Washington 99362. Preferred Properties Land and Homes has 4 new Short Sale listings that were added to our office inventory this past week. From $80,000 to $225,000

we have a nice selection. Preferred Properties. . .Your Certified

Short Sale Specialists.

3 Bedroom, 1 Bath for $80,000 located…

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Well....after all of the hoopla from last month's report that Wells Fargo will no longer postpone foreclosures on short sales, NAR reports that they've been in meetings with Wells (and several other large lenders) to address concerns regarding their short sale processes and REO disposition processes. Now, Wells is reporting that they WILL allow one (1) foreclosure postponement on a short sale if the following conditions are met...

1) Wells Fargo has an APPROVED short sale…

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Irene Kennedy now handling Warren or Hunterdon County NJ Short Sales

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My husband Chip and I moved to Warren County NJ. I have switched to the Weichert Phillipsburg office. I'll now be handling Short Sales in Warren & Hunterdon County, along the Route 78 corridor.

To introduce some of my…

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If any of you are working Nat City or PNC short sales please contact me. May have a better solution than a Short Sale and if you are working short sales you know what I mean. We are developing a list of banks interested in selling notes at better discounts and in better turn around times. If this sounds like an anser to prayer contact me. If you have multiple deals with these lenders that are stuck- Then you should REALLY contact me. Best Craig

Flash back to summer 2009. 11XXX BridgeCreek Dr in Riverview was listed for sale (short sale). The owner could no longer afford to live there, so he moved his family to the panhandle, and left his home in the care of the listing Realtor. The home was empty, the power was off, and the pool started to resemble more of a swamp then an oasis. As the year dragged on, the house sat lonely and empty, no showings, no offers, and the price kept being reduced to try and force a sale. When the listing…

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This is what I am hearing over and over from my short sale clients..they already tried loan mod and ended up in worse debt than if they had just started their Short Sale in the first place!!!

http://tinyurl.com/2dtc34f

The National Association of Realtors has reported that pending home sales have increased 5.2%, which was mostly unexpected by some due to the dramatic drop of home sales in July....

Was it that unexpected????

Not really, in my honest opinion. In our local market, we saw a gigantic increase in pending home sales during the month of March. No big surprise since buyers in most markets took advantage of the tax credit - especially at the last minute. Simply stated,…

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This spaciously beautiful 4 bdrm/ 2 bth brick ranch with a finished partial basement was originally purchased with an FHA mortgage for $131,000 in 2006. We were able to get the sellers into the FHA Pre-Foreclosure Sales Program and successfully sold the home for $49,900. The sellers received $900.00 back at closing to assist in moving expenses AND A FULL…

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For years, the term “short sale” has been the antithesis of the real estate market….from holding your breath for seemingly an eternity waiting for a loss negotiator to let you know whether or not you’ve reached their “golden figure” to wondering whether or not the listing agent is acting as an automatic offer vessel funneling as many offers to the lender as humanly possible. Let’s face it, for…

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Las Vegas has been known during the past 2 years as the “Foreclosure Capital” of the country! And, that is accurate. I have not written very much recently about our Las Vegas real estate market, but, rather, I have devoted the past 15 months to marketing and selling REO/Bank Owned properties. This market has exploded, and my office has sold more than 150 foreclosed properties just in the past 6 months! We are now transitioning into Short Sales, which are an entirely…

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One of the simplest negotiating tips:

When you leave a voice mail message for your negotiator (I know, they…

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Many Homeowners Facing Foreclosure as Loan Servicing Guidelines change and this could mean increase in business for those agent that specialize in Short Sales!



Take a Look as many homeowners under the Presidents foreclosure -prevention program may be at risk of foreclosure due to the tightening up of guidelines forcing loan Servicers to make sure all paperwork have been turned in the their files. For those that are missing paperwork they wil get a 30 day notice to complety and… Continue

I have heard it said that FEAR is the great motivator.



My experience has been that fear can cause homeowners to become professional AVOIDERS. Dodge the phone, leave the mail unopened, don't answer the door. And, I totally understand that fear and motivation to stick your head in the sand. I have been in financial trouble, and even faced foreclosure. When my daughter was born and needed a lengthy ICU stay, I thought it would bankrupt my family. We had massive medical… Continue

BOA is on Equator-Anyone used it yet? Will it help?





Equator, the default-servicing industry technology leader is pleased to announce the launch of its new Agent-Initiated Short Sale feature. Starting December 8th, Agents have the ability to request a Short Sale through the Agent Portal on www.equator.com. Only certain industry leading Lenders are currently allowing Agents to initiate Short Sales through Equator. Since it is such a great way… Continue

Ok, I have to give credit to Robin Rowland for tipping us off to this originally. I made a few calls and here is what I've found out.....







Bank of America has contracted withREDCto process their Fannie Mae Short Sales using the REOtrans/Equator portal.



They also will be working some of Wells Fargo short sales, Metlife short sales and GMAC short sales as well.



The idea is to help… Continue

I originally wrote this post on Active Rain, "Presenting Multiple Offers to the Lender for Short Sale Approval" and was reminded today that there are still MANY out there who don't understand the difference between a short sale and a foreclosure! I actually heard on a local radio show, the commentor, who is a real estate agent, proclaim something like this, "And, YES, we present ALL offers to the bank and let them decide which one you (the seller) will work with!" Unfortunately, I could not… Continue